COSCO SHIPPING Energy Transportation Co (HKSE:01138) ROCE %

: 9.28% (As of Sep. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. COSCO SHIPPING Energy Transportation Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.28%.

COSCO SHIPPING Energy Transportation Co ROCE % Historical Data

The historical data trend for COSCO SHIPPING Energy Transportation Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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COSCO SHIPPING Energy Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.62

7.50

-7.41

7.02

10.20

COSCO SHIPPING Energy Transportation Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																14.50	13.30	17.22	9.28	1.35

COSCO SHIPPING Energy Transportation Co ROCE % Calculation

COSCO SHIPPING Energy Transportation Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	4240.266	/	( ( (72719.815 - 16331.731)	+	(76215.871 - 11826.586) )	/ 2 )
	=	4240.266	/	( (56388.084	+	64389.285)	/ 2 )
	=	4240.266	/	60388.6845
	=	7.02 %

COSCO SHIPPING Energy Transportation Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	6344.988	/	( ( (77938.884 - 10670.759)	+	(77598.703 - 8103.152) )	/ 2 )
	=	6344.988	/	( ( 67268.125	+	69495.551 )	/ 2 )
	=	6344.988	/	68381.838
	=	9.28 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

COSCO SHIPPING Energy Transportation Co (HKSE:01138) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

COSCO SHIPPING Energy Transportation Co ROCE % Related Terms

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COSCO SHIPPING Energy Transportation Co (HKSE:01138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Energy Transportation Co Ltd (HKSE:01138) » Definitions » ROCE %

Traded in Other Exchanges

HIFH:Germany 600026:China

Address

No.670 Dongdaming Road, 7th Floor, Hongkou District, Shanghai, CHN, 200080

Website

https://energy.coscoshipping.com

COSCO SHIPPING Energy Transportation Co Ltd engages in the shipping business. The firm's business covers oil shipping, which includes vessel chartering. The company operates through the following segments: Oil shipment, LNG and Others. The majority of the firm's revenue gets dominated by the Oil shipment segment.

COSCO SHIPPING Energy Transportation Co (HKSE:01138) Headlines

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